Premier Miton's positive flows over the summer have reversed ahead of the Autumn Budget, with the asset manager recording £133m in net outflows in the fourth quarter.
Chief executive Mike O'Shea said the positive flows momentum came to a halt in September due to "significant uncertainty" ahead of the 30 October Budget, which he said had "dented investor sentiment more recently". "As a result, the improving environment for sales that we saw over the summer has reversed," the CEO said in a trading statement today (11 October). Net flows for September were negative, with a "meaningful redemption" from one of the firm's UK-focused investment trust. Premier Miton poaches Tatton investment specialist to spearhead MPS launch However, O'Shea said he...
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